- Who is eligible for the $ 8,000 Child Tax Credit check?
- The CTC will also award each family earning less than $ 125,000 the equivalent of 50% in qualified expenses related to the care of a dependent.
- A family earning between $ 125,000 and $ 183,000 annually may also qualify
Some families in America may be missing another federal stimulus aid: Who is eligible for the $ 8,000 Child Tax Credit check?
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According to the Internal Revenue Service (IRS), the Child Tax Credit (CTC) is “a credit allowed for a percentage of work-related expenses incurred by a taxpayer for the care of qualified persons to allow him to work or search job”.
Who is eligible for the $ 8,000 Child Tax Credit check?
Since last July 15, the IRS began issuing checks to families of up to $ 300 per month for each child under 6 years old and $ 250 per month for each child between 6 and 17 years old.
But child support doesn’t go that far, because the CTC will also award each family earning less than $ 125,000 the equivalent of 50% in qualified expenses related to caring for a child under 13 or a spouse, parent, or dependent. unable to care for himself, up to an amount of $ 8,000 dollars.
Receive up to $ 16,000
The payment of up to $ 8,000 is for a single dependent, but in the event that a family cares for two or more eligible dependents, then they may receive assistance of up to $ 16,000 dollars for care expenses.
These are the maximum aid amounts for those who earn less than $ 125,000 annually. However, if a family earns between $ 125,000 and $ 183,000 annually, it could still qualify, although it would only receive the equivalent of 20% of the expenses, explained iHeart.
The money will reach families until December
In addition to dependent care funds, the IRS continues to send monthly advance checks to millions of families and plans to continue to do so on the 15th of each month through December.
So far, the agency has sent about $ 15 billion “paid to families including nearly 60 million eligible children” as part of the Child Tax Credit included in the Biden American Rescue Plan.
How to claim my $ 8,000 dollars?
For monthly Child Tax Credit checks, the IRS typically does not require any action on the part of the beneficiary. However, to receive dependent care assistance, yes.
The IRS requires families to complete Form 2441 and to prove their income and provide information on the expenses they incur for the care of their dependents.
IRS issues warning to those who have not yet received their child credit check
The Internal Revenue Service (IRS) launches a warning for those who have not yet received their Child Tax Credit check and that is that the agency has set a deadline to enroll in the program.
All those citizens who have not signed up to receive the payments of the Tax Credit for children, either because they do not pay taxes or because they have low wages, should do so as soon as possible through the Internal Revenue Service portal for non-filers.
Enroll in the Child Tax Credit program
The IRS will distribute the third of six monthly Child Tax Credit checks this September 15 and the next three payments of up to $ 300 will be delivered on the 15th of each month until the end of December.
Those people who are eligible for this help and who have not yet registered, usually because they do not file taxes, have until the October 15, 2021 to do so on the IRS portal for non-filers, according to the official provisions of the agency.
How to apply for the credit?
The IRS recalled that there are many people who are not required to file a tax return and perhaps because of this they could be missing the opportunity to apply for federal aid, for which they only need to use the online tool (Non-Filer Sign-up ) that allows all citizens to explore eligibility for those payments, EFE reported.
“Some people who are not required to file a tax return may be eligible for the economic impact payments of $ 1,400 per person,” added the US tax collection agency.
How to confirm if I am eligible?
In fact, the IRS reminded that people can get these federal benefits even if they don’t work, have no income, or don’t have a permanent address. So the best way to confirm if you are eligible is by using the “Child Tax Credit Eligibility Wizard”.
It is a tool in SPANISH, which will help families determine whether or not they are eligible for these payments. “Before filing a return or using the Non-Filer Sign-up tool, families unsure if they qualify for the credit or prepayments may want to use another new tool: the Child Tax Credit Eligibility Assistant. ”Advises the agency. Who is eligible for the $ 8,000 Child Tax Credit check?